Digital China Group Second Quarter 2024 Earnings: EPS: CN¥0.43 (vs CN¥0.34 in 2Q 2023)

Simply Wall St · 09/01 00:34

Digital China Group (SZSE:000034) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥33.3b (up 17% from 2Q 2023).
  • Net income: CN¥274.4m (up 22% from 2Q 2023).
  • Profit margin: 0.8% (in line with 2Q 2023).
  • EPS: CN¥0.43 (up from CN¥0.34 in 2Q 2023).
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SZSE:000034 Earnings and Revenue Growth September 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Digital China Group Earnings Insights

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Digital China Group (of which 1 is concerning!) you should know about.